I told RM: (It's been reported that Bob Fung and Marc Oppenheimer told you the $120 debt offering was over subscribed and that any delay of making the details of the deal public was simple a matter of paperwork involved with the closing of the syndication book (which is expected to close this Friday) Richard, is the above information accurate? Is the debt offering "over subscribed"?)
And his reply was:
"I'm advised the there has been expressed interest in the proposed PP in excess of the $120 million being sought. The syndicate book has not closed. The Company is working with the Agents, Counsel and investors to that end".
Cividale
BTW: If the syndication book closes tomorrow that would be a nice step forward but I never expect KRY to hit a deadline, tomorrow or otherwise.